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Hannibal LIHTC Application

Received $363,000 in Tax Credits in 2008

Will generate $4,481,000 in equity

Will still need Debt Deferral to keep rents low.  RD will evaluate new C.N.A. and operating budget.  

--Rents in 2005 were $280 for 1br and $325 for 2 br. Post rehab rents will be $300 for 1 br and $350 for 2 br in 2009.

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